Dock-High
For Sale
$2,520,000
601 15th St N, Fargo, ND 58102
Includes office space, dock-high storage, and an on-grade shop area.
Property Size24,000 SF
Days on Market48
Property Features for 601 15th St N
General Information
Standard status
Active
Size
24,000 SF
Property subtype
Warehouse
Building Details
Building Size
24,000 SF
Year Built
1963
Properties For Sale
at 601 15th St N
Spiry Warehouse
Size
13,400 SF
Lease Type
NNN
Listing Agency:
Horizon Real Estate Group
Listed By:
David Schlossman · License #8360
(701) 478-7600
Source:
Thebrokerlist
Added: Aug 19
Changed: Sep 25
Last Checked: Oct 4 at 6:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Horizon Real Estate Group
Investment Insights
Based on property information with market context.
The warehouse and office building at 601 15th St N was constructed in 1963 and combines administrative, storage, and loading areas. The front unit contains 5,600 SF of office space, 10,000 SF of dock-high warehouse space, and a 1,400 SF on-grade shop area with drive-in doors and 17' ceilings. An additional 10,600 SF of warehouse space is owner-occupied and identified for potential future expansion.
The property is situated on 7th Ave N near downtown Fargo, providing a location that combines warehouse functionality with proximity to the downtown area. The building is described as well maintained and includes both dock-high and drive-in loading capabilities.
The property is situated on 7th Ave N near downtown Fargo, providing a location that combines warehouse functionality with proximity to the downtown area. The building is described as well maintained and includes both dock-high and drive-in loading capabilities.
Key Highlights
- 5,600 SF of office space in the front unit
- 10,000 SF of dock‑high warehouse space
- 1,400 SF on‑grade shop area with drive‑in doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$211,507
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,230,140
$4.2M
Cap Rate 7%
$3,021,529
$3.0M
Cap Rate 9%
$2,350,078
$2.4M
Market Conditions
NOI Build-Up for 24,000 SF
Gross rent
$259.2K $10.80/SF
− Vacancy
−$10.4K −$0.43/SF
EGI
$248.8K $10.37/SF
− OpEx
−$37.3K −$1.56/SF
NOI
$211.5K $8.81/SF
Area
Fargo, ND
Vacancy
4.00%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,230,140
Cap Rate 7%
$3,021,529
Cap Rate 9%
$2,350,078
Alternative Uses
Best Use
Office B
$4.02M
$3.52M – $4.69M
NOI $281,232 @ 7.0% cap · market cap 11.16%
Second Best
Warehouse
$3.02M
$2.64M – $3.53M
NOI $211,507 @ 7.0% cap · market cap 8.39%
Theoretical Best
Office A
$5.21M
$4.56M – $6.07M
NOI $364,435 @ 7.0% cap · market cap 14.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,036
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 58102, ND
30,767
Population
16,757
Households
1.8
Avg Household Size
32
Median Age
45%
College-Educated
95%
High-School Grad
31.6 sq mi
ZIP Area
974
Density / Sq Mi
$56,028
Median Household Income
$31,939
Median Earnings
$829
Median Rent
$235,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Similar Off Market Nearby
- Self-Storage at U-Haul — 1436 Main Ave, Fargo, ND 58103
- Citi-Cargo & Storage Inc — 1910 1st Ave N, Fargo, ND 58102
- Booth Delivery Service & Storage — 1502 1st Ave N # 1, Fargo, ND 58102
- Sandbags Warehouse — 1418 1st Ave N, Fargo, ND 58102
- Union Storage & Transfer Co. — 1026 Northern Pacific Ave #106, Fargo, ND 58102
Frequently Asked Questions
What type of property is this?
Warehouse - Includes office space, dock-high storage, and an on-grade shop area.
Where is this warehouse located?
The property is located at 601 15th St N Fargo, ND.
What is the asking price?
The asking price for this property is $2,520,000.
What are key features of this property?
This property features: 5,600 SF of office space in the front unit; 10,000 SF of dock‑high warehouse space; 1,400 SF on‑grade shop area with drive‑in doors
